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Uriah Heep celebrated his 18th birthday by opening a savings account at the Thames River Bank and depositing $1900. He continued to deposit the same amount on every subsequent birthday until he was 31 years old. After depositing $1900 on his 31st birthday Uriah decided to abandon his savings plan. Henever saved again, but he left the accumulated savings in the bank account. The bank paid an interest rate of 3%. When Uriah turned 65, he withdrew the money from the bank. What was the amount of his withdrawal?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91768403

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